Trend review:
The index opened slightly lower on Friday and experienced repeated shocks. It rose strongly in the afternoon and was quickly suppressed after turning red. The decline accelerated in the late afternoon. The all day composite index fell 0.45% to 321124 points, and the Shenzhen composite index fell 0.56% to 1164857 points. In terms of sector themes, under the pressure of the epidemic, community group purchase retail and logistics have been strongly led up, the concepts related to the real estate chain including multiple real estate, finance and underground pipe corridors have been strengthened, and the sectors such as covid-19 detection and chip have also been more active.
Market focus:
In the short term, the market sentiment has recovered compared with that before, but the rising force is still weak. The performance of individual stocks in the sector is differentiated, and the profit-making effect is slightly insufficient. The market hot spots are concentrated in the logistics, retail, real estate and other sectors where the dilemma is reversed, and there are signs of oversold rebound in growth sectors such as new energy and chips.
Weekly observation:
Judging from the weekly rise and fall of the global index, the main stock indexes generally fell; Among them, the S & P 500 index showed the weakest performance, with a weekly increase of – 2.13%. In terms of the performance of major global commodities, commodities rose and fell; Among them, NYMEX crude oil rose the most, with a weekly increase of 8.43%; LME aluminum showed the weakest performance, with a weekly increase of – 2.24%. The main A-share indexes that we focus on observing fell across the board; Among them, the Shanghai Stock Exchange rose by – 0.43% in 180 weeks, with a slightly better performance; The growth enterprise market index rose by – 4.26%, with the weakest performance. From the perspective of style classification, China’s P / E ratio and blue chip stocks perform better. In terms of industries, most industries fell, and only 7 of the 31 major industries rose; Among them, coal, food and beverage and commercial retail ranked among the top three; Communications, media and power equipment ranked the last three. In addition to the concept of hitting the board, the theme of intelligent logistics index, Baijiu index and artificial meat index is the biggest. Western cement, financial technology and power battery index ranked lower. This week, the targets of a shares, which reached a new high in 52 weeks, were mainly concentrated in the following strong sectors: transportation and logistics, retail, real estate chain and coal.
Hotspot tracking:
Generally speaking, affected by the repeated epidemic, the tightening of the Federal Reserve and the conflict between Russia and Ukraine, the market liquidity has been tight, the risk appetite of investors is difficult to improve, the market risk aversion is strong, the performance of individual stocks in the sector is differentiated, the profit-making effect is slightly insufficient, the real estate, banks and coal that are undervalued and the policy face has warmed up have been continuously concerned by the market, and the short-term hot spots are driven by the unified large market and the epidemic, focusing on logistics Retail and covid-19 testing reagents and other sectors, while the growth sector dominated by new energy and chips also showed signs of oversold rebound after a sharp decline in the early stage.
Risk tip: global economic recession risk, Fed tightening risk and epidemic spread risk.
